Most people simply re-mortgage and switch to a different deal or provider because it will cost less – for example, the introductory interest rate may have ended with your current lender, allowing you to get a lower APR with another.
Others may use a remortgage to consolidate debts, taking out their remortgage for a larger amount than owed on their existing mortgage or just to release some equity in the property. Completion on a new mortgage offer can normally take place within 7-14 days after it has been issued.
Transfer of Equity
There are a number of reasons our clients wish to carry out a Transfer of Equity, sometimes due to marriage or separation; others it’s for tax planning.
Whatever the reason, Medway Law will provide you with advice and carry out the transfer.
If you would like to know more about remortgaging or Transfer of Equity please get in touch so we can help you get things sorted!